Nonprofit · EIN 36-4266878
MATHER INVESTMENTS NFP
Tax-exempt · EVANSTON, IL 60201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $74,364,366 | $113,855,175 | -$39,490,809 | $80,748,510 | $115,236,006 | -$34,487,496 |
| December 31, 2023 | 990 | $48,376,580 | $43,088,634 | $5,287,946 | $139,372,022 | $145,459,250 | -$6,087,228 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $69,003,597
- Investment income
- $5,360,769
- Net gain from sales of assets
- $5,000,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $18,168,255
- Other salaries and wages
- $15,775,404
- Salaries, compensation and benefits (total)
- $20,449,437
- Professional fundraising fees
- $0
- Accounting fees
- $15,756
- Program services (functional)
- $103,531,374
- Management and general (functional)
- $10,323,801
Balance sheet and other
- Total assets, start of year
- $139,372,022
- Total assets, end of year
- $80,748,510
- Total liabilities, end of year
- $115,236,006
- Net assets, end of year
- -$34,487,496
- Net assets without donor restrictions
- -$34,487,496
- Gross receipts
- $74,364,366
- Employees
- 492
- Volunteers
- 69
- Year formed
- 1998
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARY G LEARY | PRESIDENT & CEO Trustee or director, Officer | 0.1 | $0 | $1,875,195 | $186,725 |
| CHRISTOPHER MANELLA | SVP FINANCE & TREASURER Officer | 0.1 | $0 | $511,159 | $57,876 |
| MARY SCHOEGGL | CFO Officer | 0.1 | $0 | $409,108 | $52,623 |
| RAJESH RADKE | GENERAL MANAGER Highest-paid employee | 50 | $341,252 | $0 | $49,619 |
| KRISTINA PARE | DIRECTOR OF SALES Highest-paid employee | 50 | $279,888 | $0 | $49,138 |
| PETER MUHLBACH | GENERAL MANAGER Highest-paid employee | 50 | $259,698 | $0 | $48,378 |
| JULIE RIGGS | SECRETARY Officer | 0.1 | $0 | $211,471 | $48,577 |
| CAROL L SUSSENBACH | FORMER CFO & TREASURER Former | 0 | $0 | $195,895 | $0 |
| BETH BENSWANGER | DESIGN & MOVE-IN COORDINATOR Highest-paid employee | 50 | $161,933 | $0 | $25,510 |
| MARIA PARHAM | CARE CENTER ADMINISTRATOR Highest-paid employee | 50 | $159,199 | $0 | $27,584 |
| JOHN R PHILLIPS | CHAIRMAN Trustee or director | 0.1 | $0 | $0 | $0 |
| JENNY CHAN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARY G LEARY | PRESIDENT & CEO Trustee or director, Officer | 0.1 | $0 | $2,347,083 | $184,522 |
| CAROL L SUSSENBACH | CFO & TREASURER - THRU 04/2023 Officer | 0.1 | $0 | $817,872 | $41,432 |
| JAMES EDWARTOSKI | EXECUTIVE DIRECTOR - THRU 11/2023 Highest-paid employee | 50 | $473,807 | $0 | $25,664 |
| CHRISTOPHER MANELLA | SVP FINANCE & TREASURER Officer | 0.1 | $0 | $426,583 | $58,483 |
| YVONNE JUNG | SVP HR THRU 09/23; DIR HR THRU 11/23 Highest-paid employee | 12 | $161,663 | $236,991 | $34,329 |
| JULIE RIGGS | SECRETARY Officer | 0.1 | $0 | $216,965 | $50,115 |
| KRISTINA PARE | DIRECTOR OF SALES Highest-paid employee | 50 | $196,350 | $0 | $28,577 |
| MARIA PARHAM | CARE CENTER ADMINISTRATOR Highest-paid employee | 50 | $146,006 | $0 | $24,590 |
| MASOOD SHIRMAHAMMADI | EXECUTIVE CHEF Highest-paid employee | 50 | $139,845 | $0 | $24,439 |
| MARY SCHOEGGL | CFO - AS OF 10/2023 Officer | 0.1 | $0 | $87,225 | $3,166 |
| JOHN R PHILLIPS | CHAIRMAN Trustee or director | 0.1 | $0 | $0 | $0 |
| TERENCE J TOTH | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1560 SHERMAN AVE STE 1010, EVANSTON, IL 60201-4803
- In care of
- % CAROL SUSSENBACH
- Principal officer (990 for 2024)
- MARY G LEARY, 1560 SHERMAN AVENUE 1010, EVANSTON, IL 60201
- Signed the 990
- MARY G LEARY, PRESIDENT & CEO
- Phone
- (847) 492-7500
- Website
- WWW.MATHER.COM
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
MATHER INVESTMENTS, NFP ENHANCES THE LIVES OF OLDER ADULTS BY CREATING AND OPERATING SENIOR LIVING COMMUNITIES.
Program accomplishments
- MATHER INVESTMENTS, NFP FACILITATES THE OWNERSHIP AND OPERATIONS OF LIFE PLAN COMMUNITIES. WE ENHANCE THE LIVES OF OLDER ADULTS BY CREATING WAYS TO AGE WELL. WE ARE DEDICATED TO PROVIDING A CONTINUUM OF LIVING AND CARE.Expenses $40,441,930 · grants $18,168,255 · revenue $31,338,675
- MATHER INVESTMENTS, NFP CONTINUES ITS MISSION THROUGH ITS PARTICIPATION IN JOINT VENTURE OPERATIONS. THE JOINT VENTURES OPERATE LIFE PLAN COMMUNITIES.Expenses $63,089,444 · revenue $42,664,922
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 36-4266878
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P81)
- Assets (IRS master file)
- $80,748,510
- Income (IRS master file)
- $74,364,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $74,364,366 | $113,855,175 | $80,748,510 | IRS |
| 990 | December 2023 | $48,376,580 | $43,088,634 | $139,372,022 | XML |
| 990 | December 2022 | $36,776,934 | $32,758,458 | $128,881,443 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-4266878).
Questions about MATHER INVESTMENTS NFP
- What is the EIN of MATHER INVESTMENTS NFP?
- The employer identification number (EIN) of MATHER INVESTMENTS NFP is 36-4266878.
- Is MATHER INVESTMENTS NFP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MATHER INVESTMENTS NFP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MATHER INVESTMENTS NFP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MATHER INVESTMENTS NFP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MATHER INVESTMENTS NFP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MATHER INVESTMENTS NFP?
- The 990 for the year ended December 31, 2024 names MARY G LEARY.
- Who are the officers and directors of MATHER INVESTMENTS NFP?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization.
- How much revenue does MATHER INVESTMENTS NFP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $74,364,366, expenses of $113,855,175 and total assets of $80,748,510 at year end.
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